commission based jobs

[oioiboy]

i am about 30k in debt and just about to move into rented accomadation with rent at 1000 per month.two of my sales colleagues have just undertaken ivas,but one is now concerned about an approach relating to a percentage of commission.how does this work,and in addition i cant locate the useful list on this site about which banks are linked when in the process of opening a new account,help please!

[aguise]

Hi ther and welcome to the forum.
The commission I would think depends if any was built in to the basic income, if not then if there is the 50% mod in their proposal then they would be expected to pay the 50%. The best thing for them to do is to ring their Ip and ask. There are quite a few posts relating to bank accounts try putting bank account with a debit card in the search and this post gives quite a bit of info. The search is to the left under the heading forum put it in as match the exact phrase and the poster was lisad.

Hope that helps
Ang

Please visit my blog at http://aguise.blogs.iva.co.uk/

[MelanieGiles]

A base salary is usually agreed between client, IP and creditors which forms the basis of the calculation of disposable income. Creditors often then also require debtors to pay over 50% of earnings in excess of this sum at regular intervals of the life of the IVA.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[Adam Davies]

Hi
Have a look at my article "Choosing a bank account before an IVA",located in the left hand column of this page
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp